Christopher Tolmacs allegedly borrowed money from customers of his brokerage firm, Triad Advisors, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland investor right attorneys Alan Rosca and James Booker together with Detroit securities lawyer Peter Rageas.

Christopher Tolmacs was a financial advisor and registered representative of Triad Advisors from April 2008 to March 2016 and worked at a branch office in Portage, Michigan. Tolmacs also ran a couple of his own businesses, including Harbinger Financial Group and Harbinger Asset Management, the AWC notes.

The Peiffer Rosca Wolf securities lawyers have teamed up with Detroit securities fraud lawyer Peter Rageas to investigate Christopher Tolmacs’s alleged private securities transactions without proper approval, and are preparing to take action on behalf of victimized investors.

Christopher Tolmacs Barred by FINRA after Failing to Respond to a FINRA Investigation

In February 2016, FINRA began investigating Tolmacs and whether or not he had entered into lending arrangements with several of his customers through the issuance of promissory notes, according to the aforementioned AWC currently under review by attorneys Alan Rosca, James Booker, and Peter Rageas.

Christopher Tolmacs then allegedly failed to respond to FINRA’s request for documents and information and refused to appear for the continuation of his on-the-record-testimony after, in February 2016 after FINRA began investigating whether Tolmacs had entered into lending arrangements with several of his customers, the AWC notes.

Christopher Tolmacs, as a result, violated FINRA Rules, and hence, has been barred by FINRA. One should also note that, according to the AWC, Christopher Tolmacs neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers and securities fraud attorney Peter Rageas often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Christopher Tolmacs’ alleged private securities transactions without approval. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Christopher Tolmacs’ alleged private securities transactions without approval may contact the Cleveland securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520, or Detroit attorney Peter Rageas at 313-334-7767.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.

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